Sandvik Secures Major Order for Underground Mining Equipment in Peru

Sandvik has received a SEK 320 million order from Compañia de Minas Buenaventura for underground mining equipment, including loaders and drills for three mines in Peru. Deliveries will begin in late 2025, and Sandvik will also provide maintenance services. This partnership aims to boost productivity and safety in mining operations.

Sandvik has secured a significant contract for underground mining equipment from the Compañia de Minas Buenaventura in Peru, valued at approximately SEK 320 million. This contract, which was recorded in the first quarter of 2025, includes the provision of loaders and drills designed for use in three of Buenaventura’s mines: El Brocal, Yumpag, and Uchucchacua.

The delivery of the mining equipment is expected to commence in the third quarter of 2025, continuing through to the first quarter of 2026. Additionally, Sandvik is committed to supplying spare parts, components, and maintenance services throughout the equipment’s operational lifetime.

Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction regarding this expanded partnership with Buenaventura. He stated, “We are very pleased to expand our partnership with Buenaventura by supplying a fleet of our highly productive mining equipment. We look forward to contributing to increased productivity and safety in their operations.”

Sandvik Group, a leading global engineering firm, focuses on providing innovative solutions for the manufacturing, mining, and infrastructure sectors, aiming to enhance their productivity and sustainability. As of 2024, the Group employed approximately 41,000 individuals and generated revenues of around 123 billion SEK across more than 150 countries.

In conclusion, Sandvik’s recent contract with Compañia de Minas Buenaventura signifies a notable advancement in their partnership, supplying a substantial fleet of underground mining equipment. This endeavor will enhance productivity and safety in Buenaventura’s operations, fortifying Sandvik’s position as a leader in the engineering sector. The commitment to ongoing maintenance and support further exemplifies Sandvik’s dedication to its clients.

Original Source: www.tradingview.com